Simple Definition of economics
: a science concerned with the process or system by which goods and services are produced, sold, and bought
: the part of something that relates to money
Full Definition of economics
1 a : a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services b : economic theory, principles, or practices <sound economics>
2 : economic aspect or significance <the economics of building a new stadium>
3 : economic conditions <current economics>
First Known Use of economics
ECONOMICS Defined for Kids
Definition of economics
: the science concerned with the making, selling, and using of goods and services Hint: Economics can be used as a singular or a plural in writing and speaking.
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